Debt Consolidation Info » Debt Consolidation

Top 5 tips for getting out of debt

Michael — Wed, 10 Sep 2008 00:58:48 +0000

In this article Debt Mediators lists the top 5 tips for reducing your debt. A few simple things can reduce the amount you need to pay back, and also decrease your need for loans and financing.

Pay your smallest debts first
Pay off credit card debts with savings. You will only recieve 8 per cent interest on savings which being charged on average 17 per cent on credit card debt
Brown bag it! – buying lunch every day could be costing you up to $3650 a year, so make a sandwich
Work out what it’s worth. The next time you buy something ask if it’s worth that many hours of your life at work
Seek help, talk to a debt consultant or a financial adviser, read and educate yourself

Cosmo I’m Drowning in Debt

Michael — Tue, 09 Sep 2008 23:28:52 +0000

Cosmo Magazine asks us to help Australian women beat debt. Page 1 | Page 2

Crippling Home Loan Repayments

Michael — Tue, 09 Sep 2008 05:35:49 +0000

Peter was working as a Science Teacher for 20 years. While it didn’t offer an enormous salary, together with his wife Susan’s part time wage it was enough to put their 2 kids through school and cover the mortgage repayments. Together they’d paid off a large amount of their home loan.

Unfortunately, Peter suddenly fell ill. After his sick leave ran out, he had to use credit cards to pay the home loan, help the kids at Uni and cover the cost of living. After 8 months he recovered but was left with $35, 000 in crippling credit card debt. After the mortgage and the bills he had to catch up on, he still had to pay more than $700 per month on his credit cards just to cover the minimum payments.

We organized a Mortgage Refinance for Peter and Susan. This allowed them to consolidate their Credit Card Debt into the mortgage and reduce their total repayments by $700 per month! The reduction in repayments allowed Susan and Peter to keep their home and stop the harassment from their credit companies. They are now able to meet their repayments and feel much more confident about the future.

Get your free phone consultation now by calling Debt Consolidation Info Australia on 1300 679 402 or fill in our Contact Form and we will be in touch within 24 hours.

Business Collapse

Michael — Tue, 09 Sep 2008 05:33:51 +0000

Mark left his job as a fitter and turner to start his own business 4 years ago. He started out with 1 courier van in the inner city. Business was going well and after 2 years he was getting more business than he could handle. Family life was going well too and he was making enough to send his son to a private school. He therefore decided to expand. He bought 3 other vans and hired 3 staff to drive the vans as well as himself. Suddenly however, some problems arose: contracts began to fall over, interest rates rose, his staff turnover increased and things began to get very tight.

Mark had to fire all of his staff to cut costs and began working 60 hours a week as a courier and doing night shifts as a cleaner to try to make the payments on the van. 2 years later his health is suffering and he hasn’t seen his son in what feels like forever. His cleaning work has dried up, the payments on the vans have fallen behind and all he can now think about are his financial woes.

Our experienced staff were there to help. Given the size of his debt and the fact that he had next to no income, Mark soon decided that a bankruptcy was the best solution for him. We worked through his financial situation and helped him realize exactly what was entailed in a bankruptcy, given his particular circumstances. We also handled all the legal work needed to get him approved as a bankrupt and took the stress out of the process for him. Mark was able to keep his first van and is now back to working 40hrs per week. Life is back to normal and he even manages his son’s AFL team on Saturdays!

Get your free phone consultation now by calling Debt Consolidation Info Australia on 1300 679 402 or fill in our Contact Form and we will be in touch within 24 hours.

Tracey (actual client) overcomes crippling debt

Michael — Mon, 08 Sep 2008 23:08:37 +0000

The Blacktown Advocate

Michael — Mon, 08 Sep 2008 06:39:06 +0000

The Blacktown Advocate interviews us about the rising debt incurred from family vehicle purchases. Read the Article

Debt Repayment Consolidation Can Help You Become Debt Free Fast!

Michael — Mon, 08 Sep 2008 05:08:02 +0000

Living with debt can be a draining experience, particularly when you fall behind on your repayments or have difficulty meeting even the minimum amounts. Perhaps you’ve begun receiving those dreaded calls or letters from debt collectors?

If you have any of the following debts:

- Credits cards
- Personal loans
- Unpaid tax, phone and electricity bills
- Centrelink debt
- Repossessed cars
- Other unsecured loans

Call 1300 679 402 for a no-cost, no-obligation consultation and one of our experienced consultants will explain exactly how we can help. It will only take a few minutes and we guarantee by the end of your consultation you will feel the weight of the world lifted off your shoulders.

Living from week to week dealing with these debts and being harassed by debt collectors can leave you unable to think about much else…

There is a solution to your problem!

One that can have you debt free within 2 – 4 years AND stop all debt collector harassment right now!

A Commonwealth Government regulated DEBT AGREEMENT allows you to consolidate your debt repayments into one simple and affordable payment, plus it offers numerous advantages over other forms of debt consolidation that banks and lending facilities may offer!

By choosing a Debt Agreement you can be assured that …..

- All of your interest iwill be frozen, saving you thousands of dollars in interest payments
- Your repayments will be set at an affordable level based on your weekly income and expenses
- Your creditors and debt collectors will be STOPPED from contacting or harassing you further, we take that on for you

Under this flexible repayment arrangement, you can expect to be debt free within 2-4 years! Better still, it doesn’t matter if you have a poor credit history, are behind on your repayments or have defaults. You can still enter into a debt agreement and break free of debt.

Your Debt Worries End Here!

Do you want to have one of Australia’s largest debt administrators on your side?

You can clear your debts, stop creditor harassment and bring happiness back into your life.

Every year, we help thousands of Australians to become debt free, no matter whether their financial burden is a few thousand or a few hundred thousand dollars. Our expertise has you covered!

Northside Chronicle discusses the North Brisbane Debt Crisis

Michael — Mon, 08 Sep 2008 04:45:14 +0000

Northside Chronicle and one of our senior consultants discuss growing debt amongst Brisbane Northsiders. Read more

North West News 5 hot tips for managing debt

Michael — Mon, 08 Sep 2008 04:40:31 +0000

North West News asks us for five hot tips to manage debt. Read the Article

The Sydney Morning Herald interviews Debt Mediators Australia

Michael — Sun, 07 Sep 2008 07:37:46 +0000

Secret debts and lies ‘tear apart’ relationships, families

DEBTS shrouded in secrecy and lies are tearing apart families buckling under increased cost of living pressures, financial and relationship counsellors say.

Ben Paris of Brisbane company Debt Mediators said some clients had hidden six-figure credit card debts from their partners.

“A lot of the inquiries we get are from people desperate to hide their debts from their partners,” he said.

“They feel embarrassed and like a failure and want to be able to make the problem go away without having to tell their loved ones. The fact that a significant number of people would rather get into debt than share their worries with those closest to them is a shocking indictment of the current state of people’s finances.”